S&P 500 Noon Forecast 12.14.15 – We got the full 1.618 down, now the upward 4 is forming

Dec14spx

This is the Noon Elliott Wave Forecast For 12.14.15 for the S&P based on the 30 day 1 minute chart…best case scenario is we bottomed at my exact 1.618 target (1994) and are about to get 382 upward W4 to end the 3.

Best case scenario:  Again, 1.618 target was 1994, and we hit 1993.26 intraday..I was calling this since the upward 2 at 2067, and it looks like we are getting semblance of an upward 4 right now…upward 4 would target 2032, and if we hit that level this week it would put an end to the big downward 3 we’ve seen since the 2094 high a couple weeks ago.  VIX hit almost 27 today which is almost “auto-bottom” reading.  Peak levels in VIX over the past few years have been average 25-27 with a couple 53’s which are rare (we saw that big reading already in August of this year)

Worst case scenario:  Failure to reach 2032 this week would mean we will see a “3 from hell” ..that would be 2.618 X W1 without an upward 4 to stop to it..so 2032 is very important to get in an upward 4 here.

Where I’m leaning:  

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About the author

CEO Ted Aguhob, Master Elliottician and Technical Analyst, Day And Swing Trader, Website Designer And Marketer, Artist, Producer and Musician has provided content to gemxwave.com, wavegenius.com and masterofcharts.com for over 14 years. The biggest breakthrough as a blogger came in 2013 when Wavegenius.com produced a net profit of over $177,000 and became one of the highest earning blogs in the entire country. Many of his biggest and most amazing calls appeared on major financial websites like Thestreet.com, Yahoo Finance and MSN Money, was a radio personality on Washington DC Radio, and has a following in the tens of thousands for many years. Ted is known for his charisma, vision, creativity and better yet.."genius."

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